Political Quotes

John Sherman: “The authority to issue circulating notes by banks was not given to the banks for their benefit, but for the public…”

On the record
The authority to issue circulating notes by banks was not given to the banks for their benefit, but for the public convenience, and to enable them to meet the ebb and flow of currency caused by varying crops, productions, and seasons.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman emphasizes the role of banks in providing currency for public convenience during economic fluctuations.

Share

More from John Sherman

The life of a civilian is in what he says or writes, that of a soldier in what he does.

gutenberg.org

Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.

gutenberg.org

Proud of Ohio, of its history and people, willing at all times to sound its praise in the sisterhood of states, yet, according to my convictions, the United States is entitled to my allegiance, and all parts of it should receive equal care…

gutenberg.org

Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.

gutenberg.org

Other voices in this conversation